https://www.cnn.com/2019/01/10/business/macys-stock/index.html
If you’re a neighborhood store, prepare for a lot of job cuts
Spring Ownership 2019 just came out. Many small stores are eliminating the full time position in AST. The only full timer will be the ASTS with a part time and flex colleagues. Announcement on the consolidating districts and store closures will be... — read more
AST and AYS merger
Are the AST and AYS departments combining? Any details or information would be greatly appreciated.
But how will the Neighborhood Macy's affect Jewelry Complex job structure for the JSS, Clericals, Captains, Associates and Ringers?But how will
But how will the Neighborhood Macy's affect Jewelry Complex job structure for the JSS, Clericals, Captains, Associates and Ringers?
Macy’s faced its problems
While reading this article on the reinvention of Macy’s and its stores I gotta admit that it looks to me like the company did the right thing. Store closings and the uncertainty that came with them were hard on everybody and I’m sure that, at some... — read more
Twas the night after Christmas
Why is this a reply? Reposting from @WMXIyUA-3nsi to make sure more people read this. It's perfect! Props to OP! Twas the night after Christmas and in every store, the focus has shifted from Santa to the Hunger Games once more. Come January just a... — read more
"Neighborhood Macy's" and the Jewelry Complex??
What will happen to the Jewelry Complex Structure ( JSS, Clericals & Captains) if your store becomes a "Neighborhood" Store??
Macy's Herald Square - getting rid of flex positions?
I work at the Macy's on 34th street and I'm not sure but are they getting rid of flex positions? They started giving me random shifts that don't fit on my schedule. Anyone familiar with the flagship or know if there are plans to layoff certain people... — read more
The writing has been on the wall for several years now
The writing has been on the wall for several years now. There is no loyalty in brick and mortar retail. Find another job now. Why are people surprised? Or are still in denial? Move on with your life. I left or was laid off from Macy’s 2 years ago... — read more
It is not looking good for next year
I have worked for the company for 20 years and this is the first time that we are cutting hours the week before Christmas. The store manager is super frustrated as our Magic (service) comments from the customers complain about the condition of our... — read more
No denying layoffs
It’s so funny how management addresses the rumors re building changes but completely passes over lay-off rumors, which are the ones everyone is freaked out about. The truth is members of management have leaked the info and have confirmed that 40-50%... — read more
Rumors
Has anyone heard rumors of what is to come in January? Announcements? Closings? Restructuring? District consolidations?
Macy’s is on a good path of debt reduction
Debt reduction is going in a good direction for Macy’s these days and the culmination of this practice came in an announcement from the company that stated that a large portion of earnings, that were made during the holiday season, is going to be... — read more
The near future is not good for us.
https://www.facebook.com/NBCNews/posts/2972201456133198 Please share thelayoff.com site with everyone on social media!
Thanksgiving Pay
Every year since Macy's has been open on Thanksgiving we've been paid time and 1/2 for working it. I just looked at my paycheck that I will get on 11/30 and I only got straight time. I hope this is an error and not Macy's being Macys.
Path to grow
Congrats to the stores that made 3rd quarter plan And hopefully most of us make 4th quarter But does anyone one know when 3rd quarter will be paid out ?
Path to Growth - 2018 Tiendas Camino al Crecimiento Incentivo de Ventas
Anuncios a realizar mañana en las tiendas. Las posiciones de los especialistas se eliminan y todos esos fondos ahora financiarán un incentivo de ventas en toda la tienda. Cada trimestre, si su tienda supera el objetivo de ventas, se otorgará $$$ a... — read more
Maybe a little consideration for the employees
You cannot compare retail to first responders, seriously ? How about Macy’s shows a little consideration for their employees and have them enjoy Thanksgiving with their families. And, no, the customers that came in on Thanksgiving we’re only... — read more
Who wants to bet?
The customers who were here for Black Friday will never be back to the store (until next Black Friday, of course,) I will bet anybody that right now. Not a single one of them. It's the same thing every year. Which poses the question, what's the... — read more
Employee First
I also feel Macy’s is no longer what the store was. Very sad. We are now on the same tier as discount stores, no prestige in any way shape or form. Opening Thanksgiving is absolutely a nightmare, Macys should think of their employees first, but we... — read more
Another Thanksgiving shot to Hell
I hope this is really anonymous or I'll probably get fired for what I'm about to spew. I just sacrificed another Thanksgiving in order to sell c-ap to foreigners that they will get for free with the rebate. Even though it's free they still want to... — read more
Macy’s considers redeveloping the Boulder store property
The Boulder store was not on the list of 100 stores that are set to close, but the company officially confirmed that it’s considering that location for redevelopment. This confirms my suspicions that the number of stores that are going to be affected... — read more
Store Closures
Anyone seen a list of stores that will be closing in 2019?
Smaller than 25. Million doors.
Kudos to all the stores who have set up for Christmas (under 25 million) We don’t get the recognition that 25 and up get. NewYork forgets we exist when they give out those awards. We never get our deliveries in time to even qualify. We get bare... — read more
Wall Street Journal Article - 40% Staff Reductions in Neighborhood Stores
Take a look at the Wall Street Journal article published today titled " Macy's Radical Plan to Save Itself: Shrink". In the article, the Journal interviews CEO Jeff Gennette who describes in detail how of the 653 Macy's stores, 350 will become growth... — read more
Macy’s is is testing the concept of smaller stores to cut costs
There you go! Smaller stores equal fewer employees. I get that this is basically on an experiment level and it’s only 4 stores that we are talking about, but if this turns out to be a concept that proves to be effective for the company leadership... — read more
Karma
I was part of the February 2018 layoff when my full time position was eliminated and shifted down to part time which I didn't take and left with the package. Now low and behold they are making the position full time again and having trouble filling... — read more
The wrong way to implement changes
mplementing "changes" since 2008. They involve firing experienced folks, many who have been through multiple mergers, down times, good times etc. and knew how to manage change and hiring the inexperienced and sycophants and installing a reign of... — read more
Who will fall victim to Gennette’s shakes
This is an excellent article for those want to get familiar with the plans of our CEO to give the company a new business direction and restructure it in order to meet the new and more challenging market demands. If you read between the lines, you... — read more
Retail Sector
It's amazing how many retail companies struggle
Macy's Layoffs 2019
Do you predict that there will be Macy's Layoffs in 2019?
You don’t need to get your notice, just look for Symptoms
Our store was told a few weeks ago that it is being considered for sale as part of the company's annual property review process and that we should all just ignore the many contractors and engineers that have been coming into our store for what looks... — read more
How to spot which stores are going to close
This company is going to stay in business, just not with the current number of stores. Senior leadership has repeatedly stated that the optimal store count is closer to 500 than today's 600+ locations. Macy's has a lot of good things going for it... — read more
Check out Macy's stock
Rated by Goldman to SELL. Stock is at A little over $32 a share. Compare this with Kohls, Target, Nordstrom and of course Amazon.
We'll stay in business, but with changes
This company is going to stay in business, just not with the current number of stores. Senior leadership has repeatedly stated that the optimal store count is closer to 500 than today's 600+ locations. Macy's has a lot of good things going for it... — read more
Amazon wants you!
Amazon is hiring at all levels, great pay and benefits. Would be nice to work for a company that will stay in business.
Info on possibly closing stores
Our store was told a few weeks ago that it is being considered for sale as part of the company's annual property review process and that we should all just ignore the many contractors and engineers that have been coming into our store for what looks... — read more
Layoffs January 2019
Any news of layoffs in January. We have an all hands meeting today. Wondering what this meeting is about. You never know with this company from day to day. Any info anyone has would be appreciated.
Colleague Sharing is the future of Macy’s
It’s official. The name is called ‘Colleague Sharing’ which is part of the integrated workforce pilot. Sales colleagues can pick up open shifts in a nearby ‘sister’ store. So far they are testing the Jewelry Complex, RTW, and BT. I’m sure it will be... — read more